Finance

Hong Kong to issue green bonds on blockchain

The Hong Kong government is preparing a new category of securities. These are "tokenized green bonds" for investment. This is how the authorities are implementing their strategy for the development of Web 3.0 and the crypto-industry.

In parallel, Hong Kong is exploring the idea of opening an international headquarters for blockchain companies:

"Many leading technology companies and startups have contacted the government in recent months. They expect Hong Kong to open an international headquarters or create other conditions to expand their scale of business," commented Paul Chan Mo, the region's financial secretary.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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